[Form 4] Norwegian Cruise Line Holdings Ltd. Insider Trading Activity

Norwegian Cruise Line Holdings Ltd. executive Patrik Dahlgren reported several tax-related share dispositions on common stock.

Rhea-AI Filing Summary

Norwegian Cruise Line Holdings Ltd. executive Patrik Dahlgren reported several tax-related share dispositions on common stock. On March 1, 2026, four transactions coded "F" disposed of 29,607, 5,920, 7,004, and 6,872 shares at $24.79 per share.

Footnotes state these shares were withheld by NCLH to satisfy tax withholding obligations tied to vesting performance and restricted share units granted in 2023, 2024, and 2025. After these withholdings, Dahlgren directly owned 185,666 shares of NCLH common stock.

Insider Trade Summary

Exercise Price or Tax Liability: 49,403 shares

Exercise Price or Tax Liability 4 txns

Insider Dahlgren Patrik

Role EVP, Chief Vessel Ops & NO

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Common Stock	29,607	$24.79	$734K
Exercise Price or Tax Liability	Common Stock	5,920	$24.79	$147K
Exercise Price or Tax Liability	Common Stock	7,004	$24.79	$174K
Exercise Price or Tax Liability	Common Stock	6,872	$24.79	$170K

Holdings After Transaction: Common Stock — 185,666 shares (Direct)

Footnotes (4)

1. F1. Represents shares withheld by NCLH to satisfy tax withholding obligations in connection with the vesting of 90,252 performance share units granted to the reporting person on July 5, 2023.
2. F2. Represents shares withheld by NCLH to satisfy tax withholding obligations in connection with the vesting of 15,042 restricted share units granted to the reporting person on July 5, 2023.
3. F3. Represents shares withheld by NCLH to satisfy tax withholding obligations in connection with the vesting of 17,798 restricted share units granted to the reporting person on March 1, 2024.
4. F4. Represents shares withheld by NCLH to satisfy tax withholding obligations in connection with the vesting of 17,463 restricted share units granted to the reporting person on March 3, 2025.

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Accepted by SEC EDGAR 03/03/2026 - 04:16 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Dahlgren Patrik

(Last) (First) (Middle)

7665 CORPORATE CENTER DRIVE

(Street)

MIAMI FL 33126

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Norwegian Cruise Line Holdings Ltd. [ NCLH ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP, Chief Vessel Ops & NO

3. Date of Earliest Transaction (Month/Day/Year)
03/01/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock(1)	03/01/2026		F		29,607	D	$24.79	205,462	D
Common Stock(2)	03/01/2026		F		5,920	D	$24.79	199,542	D
Common Stock(3)	03/01/2026		F		7,004	D	$24.79	192,538	D
Common Stock(4)	03/01/2026		F		6,872	D	$24.79	185,666	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents shares withheld by NCLH to satisfy tax withholding obligations in connection with the vesting of 90,252 performance share units granted to the reporting person on July 5, 2023.

2. Represents shares withheld by NCLH to satisfy tax withholding obligations in connection with the vesting of 15,042 restricted share units granted to the reporting person on July 5, 2023.

3. Represents shares withheld by NCLH to satisfy tax withholding obligations in connection with the vesting of 17,798 restricted share units granted to the reporting person on March 1, 2024.

4. Represents shares withheld by NCLH to satisfy tax withholding obligations in connection with the vesting of 17,463 restricted share units granted to the reporting person on March 3, 2025.

	/s/ Daniel S. Farkas, as attorney-in-fact for Patrik Dahlgren	03/03/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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